Category: All News

GoodWe, a global provider of solar inverters and energy storage solutions, is marking 10 years of operations in India, reflecting a decade of growth alongside the country’s rapidly expanding renewable energy sector.

The milestone is not only about the scale of installations achieved over the past decade, but also about what those systems continue to deliver years after commissioning. In a market where solar is increasingly viewed as a long-term investment, reliability, product longevity, service support and return on investment are becoming critical considerations for customers.

This is particularly relevant for residential customers, for whom a solar installation represents a significant investment and an opportunity to reduce recurring electricity expenses. It is equally important for commercial establishments, where energy costs directly affect operating margins.

As GoodWe completes a decade in India, the company has also completed two warranty cycles in the country, gaining extensive experience in supporting installations across different regions, climatic conditions and grid environments. This experience has reinforced the company’s focus on product reliability and long-term customer support.

Two projects from GoodWe’s early years in India illustrate the tangible value that reliable solar technology can deliver over time.

10 years ago, a 70-year-old theatre in Kamthi, Maharashtra, installed a 10kW solar system with GoodWe technology to address rising electricity expenses. At the time, solar adoption was still relatively new in the region, and the theatre was among the early commercial establishments to recognise the potential of solar to reduce operating costs.

The investment was recovered within approximately five years through electricity savings. Over the following decade, the system has continued to deliver comparable generation, allowing the theatre to benefit from sustained reductions in its electricity expenses.

For businesses such as theatres, where electricity is a recurring and significant operating expense, reducing energy costs can have a direct impact on overall profitability. The continued performance of the system over a 10-year period demonstrates the importance of selecting reliable equipment when the objective is to generate savings over the long term.

In Haryana, a 5kW residential solar system equipped with a GoodWe inverter has been operating for more than eight years. The system has helped the homeowner achieve an approximately 80% reduction in electricity bills, significantly lowering recurring energy expenses.

Importantly, the initial investment in the solar system was recovered within approximately three years through electricity savings. The system has continued to operate well beyond its payback period, demonstrating the long-term financial value that a reliable solar installation can provide to homeowners.

For residential consumers, this kind of long-term performance is particularly important. The value of a solar system is not determined solely by its installation cost or initial energy savings, but by its ability to continue generating electricity reliably year after year.

These two installations—one serving a home and another supporting a long-established commercial establishment—illustrate a broader principle behind solar adoption: the real value of an installation is realised over its operating lifetime.

Since entering the Indian market, GoodWe has expanded its presence across the residential, commercial and industrial, and utility-scale segments, while continuing to strengthen its local service and support capabilities.

As GoodWe enters its next decade in India, the company remains focused on delivering reliable solar and energy-storage solutions while strengthening partnerships, service capabilities and long-term value for customers across the country.

GoodWe, a global provider of solar inverters and energy storage solutions, is marking 10 years of operations in India, reflecting a decade of growth alongside the country’s rapidly expanding renewable energy sector.

The milestone is not only about the scale of installations achieved over the past decade, but also about what those systems continue to deliver years after commissioning. In a market where solar is increasingly viewed as a long-term investment, reliability, product longevity, service support and return on investment are becoming critical considerations for customers.

This is particularly relevant for residential customers, for whom a solar installation represents a significant investment and an opportunity to reduce recurring electricity expenses. It is equally important for commercial establishments, where energy costs directly affect operating margins.

As GoodWe completes a decade in India, the company has also completed two warranty cycles in the country, gaining extensive experience in supporting installations across different regions, climatic conditions and grid environments. This experience has reinforced the company’s focus on product reliability and long-term customer support.

Two projects from GoodWe’s early years in India illustrate the tangible value that reliable solar technology can deliver over time.

10 years ago, a 70-year-old theatre in Kamthi, Maharashtra, installed a 10kW solar system with GoodWe technology to address rising electricity expenses. At the time, solar adoption was still relatively new in the region, and the theatre was among the early commercial establishments to recognise the potential of solar to reduce operating costs.

The investment was recovered within approximately five years through electricity savings. Over the following decade, the system has continued to deliver comparable generation, allowing the theatre to benefit from sustained reductions in its electricity expenses.

For businesses such as theatres, where electricity is a recurring and significant operating expense, reducing energy costs can have a direct impact on overall profitability. The continued performance of the system over a 10-year period demonstrates the importance of selecting reliable equipment when the objective is to generate savings over the long term.

In Haryana, a 5kW residential solar system equipped with a GoodWe inverter has been operating for more than eight years. The system has helped the homeowner achieve an approximately 80% reduction in electricity bills, significantly lowering recurring energy expenses.

Importantly, the initial investment in the solar system was recovered within approximately three years through electricity savings. The system has continued to operate well beyond its payback period, demonstrating the long-term financial value that a reliable solar installation can provide to homeowners.

For residential consumers, this kind of long-term performance is particularly important. The value of a solar system is not determined solely by its installation cost or initial energy savings, but by its ability to continue generating electricity reliably year after year.

These two installations—one serving a home and another supporting a long-established commercial establishment—illustrate a broader principle behind solar adoption: the real value of an installation is realised over its operating lifetime.

Since entering the Indian market, GoodWe has expanded its presence across the residential, commercial and industrial, and utility-scale segments, while continuing to strengthen its local service and support capabilities.

As GoodWe enters its next decade in India, the company remains focused on delivering reliable solar and energy-storage solutions while strengthening partnerships, service capabilities and long-term value for customers across the country.

Adani Power, India’s leading private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned generation utility, today signed the Shareholders Agreement (SHA) for setting up a 770 MW Chamkharchhu-I Hydroelectric Project in the Kingdom of Bhutan.

The signing ceremony was graced by Hon’ble Prime Minister of Bhutan, Lyonchen Dasho Tshering Tobgay, and attended by Hon’ble Minister of Finance and the Hon’ble Minister of Energy and Natural Resources, along with representatives from Druk Holding & Investments Limited (DHI), Bhutan Power Corporation Limited (BPC), the DGPC Board, DGPC Management, and Adani Power.

The project marks the second major hydropower collaboration between the two partners following the 570 MW Wangchhu Hydroelectric Project agreement signed in September 2025, and forms part of the broader 5,000 MW hydropower development Memorandum of Understanding (MoU) signed between the Adani Group and DGPC in May 2025.

The peaking run-of-river project is located in central Bhutan’s Zhemgang District and on the Chamkarchhu River and the project will be implemented under the Build, Own, Operate and Transfer (BOOT) model through a 49:51 equity partnership between Adani Power and DGPC with a concession of 30 years from COD. The project will strengthen Bhutan’s clean energy generation capacity and enhance regional energy cooperation, with construction expected to commence in the first half of 2027 and commissioning targeted for six years from groundbreaking.

“We are delighted to strengthen our partnership with the Royal Government of Bhutan and DGPC through the Chamkharchhu Hydroelectric Project. Hydropower will play a pivotal role in accelerating South Asia’s energy transition, and this project will contribute significantly to enhancing energy security, reducing carbon intensity, and advancing shared sustainability goals. While the project is expected to help meet Bhutan’s peak winter electricity requirements, it will also enable the export of surplus green power to India during the summer months, creating long-term value for both nations,” said Anil Sardana, Managing Director, Adani Power Ltd.

“This partnership marks another significant milestone in Bhutan’s hydropower development journey and further strengthens the long-standing energy partnership between Bhutan and India. The 770 MW Chamkharchhu-I Hydropower Project will contribute to strengthening Bhutan’s energy security, particularly during the winter months, while creating opportunities to optimise and export surplus clean energy to India. Beyond the project itself, this collaboration reflects our shared commitment to developing Bhutan’s renewable energy resources through strong partnerships and responsible, efficient project delivery. We look forward to working closely with Adani Power to realise this important project and to advancing further opportunities under the broader hydropower development partnership,” said Mr. Dasho Chhewang Rinzin, MD, DGPC.

Both organizations remain actively engaged in evaluating additional hydropower opportunities under the broader 5,000 MW development programme.

Adani Power, India’s leading private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned generation utility, today signed the Shareholders Agreement (SHA) for setting up a 770 MW Chamkharchhu-I Hydroelectric Project in the Kingdom of Bhutan.

The signing ceremony was graced by Hon’ble Prime Minister of Bhutan, Lyonchen Dasho Tshering Tobgay, and attended by Hon’ble Minister of Finance and the Hon’ble Minister of Energy and Natural Resources, along with representatives from Druk Holding & Investments Limited (DHI), Bhutan Power Corporation Limited (BPC), the DGPC Board, DGPC Management, and Adani Power.

The project marks the second major hydropower collaboration between the two partners following the 570 MW Wangchhu Hydroelectric Project agreement signed in September 2025, and forms part of the broader 5,000 MW hydropower development Memorandum of Understanding (MoU) signed between the Adani Group and DGPC in May 2025.

The peaking run-of-river project is located in central Bhutan’s Zhemgang District and on the Chamkarchhu River and the project will be implemented under the Build, Own, Operate and Transfer (BOOT) model through a 49:51 equity partnership between Adani Power and DGPC with a concession of 30 years from COD. The project will strengthen Bhutan’s clean energy generation capacity and enhance regional energy cooperation, with construction expected to commence in the first half of 2027 and commissioning targeted for six years from groundbreaking.

“We are delighted to strengthen our partnership with the Royal Government of Bhutan and DGPC through the Chamkharchhu Hydroelectric Project. Hydropower will play a pivotal role in accelerating South Asia’s energy transition, and this project will contribute significantly to enhancing energy security, reducing carbon intensity, and advancing shared sustainability goals. While the project is expected to help meet Bhutan’s peak winter electricity requirements, it will also enable the export of surplus green power to India during the summer months, creating long-term value for both nations,” said Anil Sardana, Managing Director, Adani Power Ltd.

“This partnership marks another significant milestone in Bhutan’s hydropower development journey and further strengthens the long-standing energy partnership between Bhutan and India. The 770 MW Chamkharchhu-I Hydropower Project will contribute to strengthening Bhutan’s energy security, particularly during the winter months, while creating opportunities to optimise and export surplus clean energy to India. Beyond the project itself, this collaboration reflects our shared commitment to developing Bhutan’s renewable energy resources through strong partnerships and responsible, efficient project delivery. We look forward to working closely with Adani Power to realise this important project and to advancing further opportunities under the broader hydropower development partnership,” said Mr. Dasho Chhewang Rinzin, MD, DGPC.

Both organizations remain actively engaged in evaluating additional hydropower opportunities under the broader 5,000 MW development programme.

Adani Power, India’s leading private power producer, and Druk Green Power Corp. Ltd. (DGPC), Bhutan’s state-owned generation utility, today signed the Shareholders Agreement (SHA) for setting up a 770 MW Chamkharchhu-I Hydroelectric Project in the Kingdom of Bhutan.

The signing ceremony was graced by Hon’ble Prime Minister of Bhutan, Lyonchen Dasho Tshering Tobgay, and attended by Hon’ble Minister of Finance and the Hon’ble Minister of Energy and Natural Resources, along with representatives from Druk Holding & Investments Limited (DHI), Bhutan Power Corporation Limited (BPC), the DGPC Board, DGPC Management, and Adani Power.

The project marks the second major hydropower collaboration between the two partners following the 570 MW Wangchhu Hydroelectric Project agreement signed in September 2025, and forms part of the broader 5,000 MW hydropower development Memorandum of Understanding (MoU) signed between the Adani Group and DGPC in May 2025.

The peaking run-of-river project is located in central Bhutan’s Zhemgang District and on the Chamkarchhu River and the project will be implemented under the Build, Own, Operate and Transfer (BOOT) model through a 49:51 equity partnership between Adani Power and DGPC with a concession of 30 years from COD. The project will strengthen Bhutan’s clean energy generation capacity and enhance regional energy cooperation, with construction expected to commence in the first half of 2027 and commissioning targeted for six years from groundbreaking.

“We are delighted to strengthen our partnership with the Royal Government of Bhutan and DGPC through the Chamkharchhu Hydroelectric Project. Hydropower will play a pivotal role in accelerating South Asia’s energy transition, and this project will contribute significantly to enhancing energy security, reducing carbon intensity, and advancing shared sustainability goals. While the project is expected to help meet Bhutan’s peak winter electricity requirements, it will also enable the export of surplus green power to India during the summer months, creating long-term value for both nations,” said Anil Sardana, Managing Director, Adani Power Ltd.

“This partnership marks another significant milestone in Bhutan’s hydropower development journey and further strengthens the long-standing energy partnership between Bhutan and India. The 770 MW Chamkharchhu-I Hydropower Project will contribute to strengthening Bhutan’s energy security, particularly during the winter months, while creating opportunities to optimise and export surplus clean energy to India. Beyond the project itself, this collaboration reflects our shared commitment to developing Bhutan’s renewable energy resources through strong partnerships and responsible, efficient project delivery. We look forward to working closely with Adani Power to realise this important project and to advancing further opportunities under the broader hydropower development partnership,” said Mr. Dasho Chhewang Rinzin, MD, DGPC.

Both organizations remain actively engaged in evaluating additional hydropower opportunities under the broader 5,000 MW development programme.

Jupiter Wagons Limited (JWL), through its energy business JEM Energy, has won a 41 MW/102.5 MWh standalone Battery Energy Storage System (BESS) project from Uttarakhand Power Corporation Limited (UPCL), in partnership with Madhav Infra Projects Limited. The partnership emerged as the L1 bidder for Cluster C of UPCL’s tender, which was conducted under the Tariff-Based Competitive Bidding (TBCB) mechanism. The projects envisage supply and commissioning of approximately INR 100 crore of BESS system.

JWL has also received the formal Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the 50 MW/200 MWh standalone BESS project at the Jeerat 132 kV substation in North 24 Parganas, West Bengal. The project was secured in August 2026.

These developments follow the Union Cabinet’s approval of Green Energy Corridor Phase-III, which was welcomed by Prime Minister Shri Narendra Modi. The scheme provides for 50 GWh of battery energy storage alongside stronger intra-state transmission networks. Substation-level storage of the kind being deployed in Uttarakhand and West Bengal is central to this framework, and JEM Energy is building its utility-scale portfolio in line with it.

Speaking on the development, Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, said, “Winning the Uttarakhand project and receiving the formal award for Jeerat are important steps in building JEM Energy into a scalable energy storage business. With the approval of Green Energy Corridor Phase-III, battery storage is now firmly part of how India will plan and strengthen its grid, and substation-level projects such as these are where that work begins. We reiterate our target of building a BESS order book of approximately INR 1,000 crore by FY27. As the business scales, we expect Jupiter Electric Mobility (JEM) to turn EBITDA positive in Q3 FY27 and to turn profitable by FY28. We will continue to bid with discipline for utility-scale and Commercial & Industrial (C&I) opportunities across India.”

The Uttarakhand win takes JEM Energy’s presence into a new state. It also strengthens JWL’s position in the energy transition ecosystem, in line with the Company’s strategy of expanding into high-growth businesses beyond its traditional railway and mobility operations.

Jupiter Wagons Limited (JWL), through its energy business JEM Energy, has won a 41 MW/102.5 MWh standalone Battery Energy Storage System (BESS) project from Uttarakhand Power Corporation Limited (UPCL), in partnership with Madhav Infra Projects Limited. The partnership emerged as the L1 bidder for Cluster C of UPCL’s tender, which was conducted under the Tariff-Based Competitive Bidding (TBCB) mechanism. The projects envisage supply and commissioning of approximately INR 100 crore of BESS system.

JWL has also received the formal Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the 50 MW/200 MWh standalone BESS project at the Jeerat 132 kV substation in North 24 Parganas, West Bengal. The project was secured in August 2026.

These developments follow the Union Cabinet’s approval of Green Energy Corridor Phase-III, which was welcomed by Prime Minister Shri Narendra Modi. The scheme provides for 50 GWh of battery energy storage alongside stronger intra-state transmission networks. Substation-level storage of the kind being deployed in Uttarakhand and West Bengal is central to this framework, and JEM Energy is building its utility-scale portfolio in line with it.

Speaking on the development, Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, said, “Winning the Uttarakhand project and receiving the formal award for Jeerat are important steps in building JEM Energy into a scalable energy storage business. With the approval of Green Energy Corridor Phase-III, battery storage is now firmly part of how India will plan and strengthen its grid, and substation-level projects such as these are where that work begins. We reiterate our target of building a BESS order book of approximately INR 1,000 crore by FY27. As the business scales, we expect Jupiter Electric Mobility (JEM) to turn EBITDA positive in Q3 FY27 and to turn profitable by FY28. We will continue to bid with discipline for utility-scale and Commercial & Industrial (C&I) opportunities across India.”

The Uttarakhand win takes JEM Energy’s presence into a new state. It also strengthens JWL’s position in the energy transition ecosystem, in line with the Company’s strategy of expanding into high-growth businesses beyond its traditional railway and mobility operations.

Jupiter Wagons Limited (JWL), through its energy business JEM Energy, has won a 41 MW/102.5 MWh standalone Battery Energy Storage System (BESS) project from Uttarakhand Power Corporation Limited (UPCL), in partnership with Madhav Infra Projects Limited. The partnership emerged as the L1 bidder for Cluster C of UPCL’s tender, which was conducted under the Tariff-Based Competitive Bidding (TBCB) mechanism. The projects envisage supply and commissioning of approximately INR 100 crore of BESS system.

JWL has also received the formal Letter of Award (LoA) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the 50 MW/200 MWh standalone BESS project at the Jeerat 132 kV substation in North 24 Parganas, West Bengal. The project was secured in August 2026.

These developments follow the Union Cabinet’s approval of Green Energy Corridor Phase-III, which was welcomed by Prime Minister Shri Narendra Modi. The scheme provides for 50 GWh of battery energy storage alongside stronger intra-state transmission networks. Substation-level storage of the kind being deployed in Uttarakhand and West Bengal is central to this framework, and JEM Energy is building its utility-scale portfolio in line with it.

Speaking on the development, Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited, said, “Winning the Uttarakhand project and receiving the formal award for Jeerat are important steps in building JEM Energy into a scalable energy storage business. With the approval of Green Energy Corridor Phase-III, battery storage is now firmly part of how India will plan and strengthen its grid, and substation-level projects such as these are where that work begins. We reiterate our target of building a BESS order book of approximately INR 1,000 crore by FY27. As the business scales, we expect Jupiter Electric Mobility (JEM) to turn EBITDA positive in Q3 FY27 and to turn profitable by FY28. We will continue to bid with discipline for utility-scale and Commercial & Industrial (C&I) opportunities across India.”

The Uttarakhand win takes JEM Energy’s presence into a new state. It also strengthens JWL’s position in the energy transition ecosystem, in line with the Company’s strategy of expanding into high-growth businesses beyond its traditional railway and mobility operations.